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Ordinary resolution (special business)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Ordinary resolution (special business)

  • This topic has 3 replies, 2 voices, and was last updated 3 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • April 11, 2022 at 8:21 pm #653104
    ilham9089
    Participant
    • Topics: 301
    • Replies: 190
    • ☆☆☆

    What type of special business is included in ordinary resolutions? I’m only aware of one which is the appointment of directors

    April 11, 2022 at 9:19 pm #653118
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23329
    • ☆☆☆☆☆

    ‘Special business’ is defined as ‘Any business that isn’t ordinary business’ and ordinary business is limited in its applicability to:

    receiving the financial statements
    approving the dividend proposed by the directors
    re-appointing directors retiring by rotation and
    re-appointing the auditors for another year

    ANYTHING else is, by default, special business

    OK?

    April 12, 2022 at 12:19 am #653121
    ilham9089
    Participant
    • Topics: 301
    • Replies: 190
    • ☆☆☆

    Yes but which of these special business matters are done with an ordinary resolution by special notice?

    April 12, 2022 at 8:11 am #653128
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23329
    • ☆☆☆☆☆

    Your original post on this thread asked about “What type of special business is included in ordinary resolutions? I’m only aware of one which is the appointment of directors”

    Now you’re chasing a different thread! If you know the 6 ordinary resolutions that require special notice (5 if you exclude the over-age director of a public company) then all those that require special notice are, by definition, special business

    In addition, all special resolutions are special business

    In answer to your original thread, resolutions that are special business but require only an ordinary resolution without special notice …

    follow this link and particularly see resolution number 14

    https://www.marketscreener.com/quote/stock/DEVRO-PLC-4001862/news/Devro-Annual-General-Meeting-18336261/

    OK?

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